A discussion on falling retail spending in April, attributing it to rising fuel prices and consumer behavioural shifts, with concerns about ongoing inflation and cost pass-through from businesses.
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How much we're spending, how loose the old wallets are. Obviously it should be down given the price of petrol, but it's down more than we thought, I think. Morning, Mike.
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delayed reaction to fuel price spikes
Nick Brunsdon: Infometrics Principal Economist on retail spending falling by $160 million in AprilSpotted something wrong on this page? Report a correction.
